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  • b78cf1d49c19893a.jpg?t=1479877715 Auction

Neighborhood: Russell Woods

Built in 1928, this brick multi-unit home would be ideal as an investment property. With nearly 2,100 square feet of living space, the property includes:

  • Wood floors
  • Cove ceilings
  • Arched entryways
  • Brick fireplace
  • Wainscoting

Located on a beautiful street within the Russell Woods Historic District, purchasers will enjoy the local amenities, including:

  • Zussman Playground
  • Russell Woods Park
  • Retail & dining options of Livernois, Dexter, and W. Davison
  • Many schools, such as Hope Academy Charter School and Durfee Elementary & Middle School

This property is in the local Russell Woods Historic District. Purchasers will need to obtain Detroit Historic District Commission approval for all major exterior improvements.

 

Purchasers should plan on making a range of repairs to the property, and bidders are strongly encouraged to review the attached Pre-Sale Inspection Report for more detail. Please also note that at closing the purchaser will be responsible for paying all properly-assessed property taxes not otherwise exempt pursuant to the statutory authority of the Detroit Land Bank.

 

Properties purchased between November 1st, 2015 and March 1st, 2016 will receive an automatic 90-day extension. In other words, purchasers will have 9 months to rehabilitate the property, or 12 months for properties located within an historic district.

 

Finally, please note that any discounts (i.e. City Employee Discount); on the purchase will be granted at the time of closing on the sale. The purchaser will be charged $1,000.00 upon winning the bid, regardless of any discounts.

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Collusion between bidders in a DLBA auction, which is also known as “bid-rigging,” is a type of fraud and a violation of Federal antitrust laws. The DLBA takes the integrity of its auctions very seriously and bid-rigging is unfair to competing bidders and, ultimately, to the people of the City of Detroit. If the DLBA finds evidence of collusion in an auction, it reserves the right and will not hesitate to, as appropriate, reject specific bids, cancel an entire auction (in each case keeping the deposits or downpayments of the colluding parties), and/or pursue criminal prosecution of the parties involved to the fullest extent of the law.


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